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  #511 (permalink)  
Old 10-08-2017, 05:05 PM
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Daily Report on August 10, 2017



Asian shares pared early gains to reverse lower on Thursday as investors have still been under pressure stemming from tension surrounding the Korean peninsula. The MSCI Asia Pacific Index was little changed while Japanese shares were mixed. The Nikkei 225 Stock Average added 0.1 percent and the Japan’s Topix index was little changed.

Australian equities climbed with the Australia’s S&P/ASX 200 Index advancing 0.4 percent. By contrast, South Korea’s benchmark gauge extended declines with the Kospi index falling 0.2 percent following a decline of 1.1 percent on Wednesday. European stocks also fell on Thursday. While the The Stoxx Europe 600 shed 0.49%, Germany’s DAX 30 index and France’s CAC 40 index slipped 0.69% and 0.36%, respectively.

Crude oil prices advanced on Thursday after data showed U.S. crude inventories fell more than expected last week. The Energy Information Administration on Wednesday reported that U.S. crude stockpiles dropped by 6.5 million barrels last week, which was steeper than the expected decrease of 2.7 million barrels. However, refineries were reported to boost their output to the highest percentage of capacity in 12 years with nearly 17.6 million barrels of crude last week.

According to data released by the Cabinet Office, Japan's core machinery orders unexpectedly inched lower for a third consecutive month in June. Core orders were posted to have decreased 1.9 percent in June from the previous month following a 3.6 percent tumble in May.



Technicals

NZDUSD




NZDUSD has been under downward pressure exerted by two MAs that are hanging above the price action, especially the short-term MA20. The price action failed to cross over this dynamic resistance and has even fallen to as low as 0.72600 - the lowest level since July 18th. With a market dominated by sellers, the pair is expected to test a support at 38.2% Fibonacci retracement.

Trade suggestion

Buy Digital Put Option from 0.72600 to 0.72000 valid until 20:00 GMT August 10, 2017



EURJPY



EURJPY’s price action has breached a significant level at 61.8% Fibonacci retracement after having failed to surpass a resistance at 129.500. The pair retested a low of 128.650 and looked set to extend its downtrend. While the RSI index is pointing lower, the ADX index is on a rise with a widening gap between the -DI and +DI lines, signaling further declines for the pair.

Trade suggestion

Buy Digital Put Option from 128.600 to 128.100 valid until 20:00 GMT August 10, 2017



AUDNZD




AUDNZD has been on a sharp uptrend which sent its price action above the 61.8% Fibonacci retracement. The pair is retesting a high at 1.08453 – the highest level since July 20th. With the support from two MAs lingering below the price action, the pair is anticipated to trade higher, likely to attempt a resistance at 1.09000.

Trade suggestion

Buy Digital Call Option from 1.08500 to 1.09000 valid until 20:00 GMT August 10, 2017



Natural Gas



Natural gas futures prices have been trading around a level at 2.8800 after having surged to the highest level since July 31st. After a short correction, the price extended its rally. While the RSI index is soaring to as high as 68.06, the ADX index is also on a rise with a widening gap between the +DI and –DI lines, which suggest further advances for the commodity

Trade suggestion

Buy Digital Call Option from 2.8950 to 2.9500 valid until 20:00 GMT August 10, 2017



SILVER



Silver has been tracing a strong uptrend after having surpassed a resistance at 16.850. As can be seen from the chart, the RSI index has been on a rise, hitting a high of 76.31, indicating a strengthening bullish momentum in the WTI market. ADX index is also edging higher, signaling further advances.

Trade suggestion

Buy Digital Call Option from 17.060 to 17.260 valid until 20:00 GMT August 10, 2017



FTSE 100




After a period of moving sideways above the level of 7480.00, U.K.’s FTSE 100 index gapped down and fell into a shrinking trading range. The price action also crossed over both the short-term MA20 and the long-term MA50 from above, suggesting a reversal into a downtrend. A support at 7360.00 is within the sight.

Trade suggestion

Buy Digital Put Option from 7410.00 to 7360.00 valid until 20:00 GMT August 10, 2017

**********************************************

RBNZ To Hold Rates Until Q3 2019, New Zealand Dollar Sinks


New Zealand dollar lost ground versus most of its peers on Thursday after its central bank held interest rates at a record low for a fifth consecutive time and announced that the rate might not be hiked in the next two years due to weak inflation.

The kiwi dropped more than 0.4 percent against its American counterpart to trade at $0.7308 – the lowest level since July 18th. In a statement after the Reserve Bank of New Zealand (RBNZ) having kept the official cash rate at 1.75 percent, Governor Graeme Wheeler said that “Monetary policy will remain accommodative for a considerable period”.

New Zealand’s inflation slowed to 1.7 percent in the June quarter after a rise of 2.2 percent in the three-month period to March which marked the first time in five years that inflation returned to the central bank 2 percent goal. For the first quarter of 2018, RBNZ forecast the rate would decline to 0.7 percent – lower than it previously expected.

Meanwhile, a strong New Zealand dollar continues to put pressure on import prices and suppresses inflation. Governor Graeme Wheeler claimed that “A lower New Zealand dollar is needed to increase tradables inflation and help deliver more balanced growth,” given the fact that the local dollar has added 6 percent so far this year.

Trade suggestion

Buy Digital Put Option from 0.73000 to 0.72600 valid until 20:00 GMT August 10, 2017

*********************************************

GBP/USD


From 1.29750
Till 1.29350

Option Digital
Direction Put
Expiry GMT 21:00 10/08/2017
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  #512 (permalink)  
Old 11-08-2017, 08:09 PM
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Daily Report on August 11, 2017



Asian shares tumbled on Friday, extending a global stock sell-off after a U.S. slump overnight. Tensions ramped up between the U.S. and North Korea, causing investors to flee into less risky assets such as the Japanese Yen, gold and U.S. government bonds. Overnight, Wall Street closed sharply lower with the Nasdaq dropping 2.1 percent while the S&P 500 and the Dow Jones Industrial Average pulling back 1.4 percent and 0.9 percent, respectively.

Escalating tension between the U.S. and North Korea continued to dominate sentiment in financial markets after U.S. President Donald Trump on Thursday warned Pyongyang against attacking U.S. Pacific territory of Guam or U.S. allies. Stocks tumbled in Asia with MSCI's broadest index of Asia-Pacific shares outside Japan shedding 0.6 percent in its third session of declines. The stock benchmark index looked set to close the week 1.5% lower.

Equities in Australia and South Korea were also on a decline. While Australia’s S&P/ASX 200 Index fell 1 percent, South Korea’s Kospi index slipped 1.5 percent. The Hang Seng Index in Hong Kong gapped down by 1.5 percent while China’s Shanghai Composite Index also traded lower. Contracts on the S&P 500 Index lost less than 0.1 percent after the underlying index suffered from its steepest slide since May 17 on Thursday.

The Australian dollar slipped versus its American counterpart after RBA governor Philip Lowe on Friday said that interest rates would rise over time, although not for a while given the fact that low wage growth, high debt and energy prices are putting pressure on consumer spending.



Technicals

AUDUSD



The pair AUDUSD extended its downtrend following a period of moving sideways that had caused the price to move around a level at 0.78900. Under downward pressure exerted by two MAs which have been lingering above the price action, the pair is expected to trade lower and is likely to test a support at 0.77850. RSI is pointing downward, confirming the downtrend.

Trade suggestion

Buy Digital Put Option from 0.78400 to 0.77850 valid until 20:00 GMT August 11, 2017



NZDUSD



NZDUSD retested a support at 0.72600 after a short correction as recent down moves had sent the market into the oversold zone, as indicated by the RSI index which is at as low as 28.48. As can be seen from the ADX chart, ADX index is edging higher with a widening gap between –DI and +DI lines. With pressure from two MAs, the pair is anticipated to trade as low as the 38.2% Fibonacci retracement.

Trade suggestion

Buy Digital Put Option from 0.72500 to 0.72000 valid until 20:00 GMT August 11, 2017



EURJPY




EURJPY continued to inch lower after having fallen from a firm support of 128.600 – the level that has restrained the pair from falling lower since July 13th. While RSI index is heading lower, ADX is on a rise with a widening distance between –DI and +DI lines, signaling further declines for the currency pair.

Trade suggestion

Buy Digital Put Option from 128.250 to 127.800 valid until 20:00 GMT August 11, 2017



BRENT



Brent crude has been tracing a sharp uptrend after having soared to as high as 53.610 – the highest level since May 25th. The price action has crossed over both the long-term MA50 and the short-term MA20, confirming a reversal into a downtrend. A support at 23.6% Fibonacci retracement is within the sight.

Trade suggestion

Buy Digital Put Option from 51.700 to 50.900 valid until 20:00 GMT August 11, 2017



FTSE 100




FTSE 100 index on Thursday did not only fell back into a shrinking trading range which connects lower highs and higher lows but also breach out of this range from above. The stock benchmark index is posed to trade lower with a support at 7305.00 within the sight. While RSI index is heading lower, ADX is rising with a widening gap between –DI and +DI lines, signaling further down moves.

Trade suggestion

Buy Digital Put Option from 7345.00 to 7305.00 valid until 20:00 GMT August 11, 2017



S&P 500 Index




SP500 fell sharply on Thursday and looked set to extend its down moves in the last trading session of the week. While the RSI index has jumped into the oversold zone, ADX index continued to move higher. The index is anticipated to attempt a firm support at 2420.00.

Trade suggestion

Buy Digital Put Option from 2434.00 to 2420.00 valid until 20:00 GMT August 11, 2017

**************************************************

Yen Soars to Two-month Highs versus Dollar As U.S.- North Korea Tensions Escalate


Asian shares tumbled on Friday, extending a global stock sell-off after a U.S. slump overnight. Tensions ramped up between the U.S. and North Korea, causing investors to flee into less risky assets such as the Japanese Yen.

The Yen gained ground versus the U.S. dollar on Friday, sending the pair USDJPY lower for a fourth session in a row. Overnight, Wall Street closed sharply lower with the Nasdaq dropping 2.1 percent while the S&P 500 and the Dow Jones Industrial Average pulling back 1.4 percent and 0.9 percent, respectively.

Escalating tension between the U.S. and North Korea continued to dominate sentiment in financial markets after U.S. President Donald Trump on Thursday warned Pyongyang against attacking U.S. Pacific territory of Guam or U.S. allies. Earlier this week, North Korea announced that it is “carefully examining” plans for firing a ballistic missile toward Guam.

Stocks tumbled in Asia with MSCI’s broadest index of Asia-Pacific shares outside Japan shedding 0.6 percent in its third session of declines. The stock benchmark index looked set to close the week 1.5% lower. Investors headed for havens like Yen in times of geopolitical tension as Japan is the world’s biggest creditor nation and it has big current account surpluses.

The pair USDJPY lost 0.12 percent to trade at 109.07 yen – the lowest level since June 14th – in the first half of Asian trading session.

Trade suggestion

Buy Digital Put Option from 109.000 to 108.600 valid until 20:00 GMT August 11, 2017

************************************************

GBP/JPY


From 141.300
Till 140.800

Option Digital
Direction Put
Expiry GMT 21:00 11/08/2017
__________________
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  #513 (permalink)  
Old 14-08-2017, 11:43 PM
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Daily Report on August 14, 2017



Tracing upbeat sentiments on Wall Street as U.S. closed the week higher last Friday, Asian shares reversed losses on Monday following three losing sessions in a row. MSCI's broadest index of Asia-Pacific shares outside Japan jumped 0.7 percent after having fallen for three straight days previously due to escalating tensions between the United States and North Korea. Australian stocks also advanced, adding 0.5 percent.

While South Korea's KOSPI index rose 0.4 percent, Hong Kong's Hang Seng index climbed 0.8 percent and Shanghai Composite index edged 0.2 percent higher. By contrast, Japanese equities bucked the trend on the back of a stronger yen. Japan's Nikkei and Japan’s Topix index both fell around 1 percent. Futures on the S&P 500 Index added 0.3 percent after the underlying gauge lost 1.4 percent last week.

According to data released by the National Bureau of Statistics, China's factory output slowed more than expected in July. On a yearly basis, factory output was reported to rise 6.4 percent last month - the slowest pace since January. The reading decreased from 7.6 percent recorded in June and missed forecast calling for a rate of 7.2 percent in July. China’s fixed-asset investment expanded 8.3 percent in the first seven months amidst expectations calling for growth of 8.6 percent.

Earlier on Monday, Statistics New Zealand published a report that indicated the country’s retail sales rose better than expected in the second quarter. As stated by the report, New Zealand reported retail sales jumped 2.0% in the second quarter compared to a three-month period to March. The figure far exceeded a 0.7% rise expected by economists.



Technicals

USDJPY



USDJPY has been on a steady rise with recent upbeat moves sending the pair’s price action above both short-term MA20 and long-term MA50. Both ADX index and RSI index are edging higher with a widening distance between the +DI and –DI lines. The currency pair is anticipated to advance further. A resistance at 110.100 is within the sight.

Trade suggestion

Buy Digital Call Option from 109.600 to 110.100 valid until 20:00 GMT August 14, 2017



AUDUSD




AUDUSD reversed lower after having failed to cross over a dynamic resistance at the long-term MA50. The pair also fell below a support at 0.78900 and sent the price into the negative zone, as indicated by the RSI index that had inched to as low as 44.24. With downward pressure exerted by two MAs that are hanging above the price action, the pair is expected to test a support at 0.78100.

Trade suggestion

Buy Digital Put Option from 0.78700 to 0.78100 valid until 20:00 GMT August 14, 2017



USDCAD



The currency pair USDCAD bounced back from a support at 1.26700 and is trading higher in an attempt to test a resistance at 1.27500. Recent up moves keeps the RSI index in the positive territory while sending the price action above the short-term MA20, indicating a strengthening bullish momentum in the market.

Trade suggestion

Buy Digital Call Option from 1.27100 to 1.27500 valid until 20:00 GMT August 14, 2017



GOLD



Gold extended its down moves after having failed to bring its price action above a couple of MAs. The precious metal’s price eventually fell below the long-term MA50 and is heading lower towards a support at 1275.00. While RSI index is tumbling, ADX index is on a rise with a widening distance between the –DI and +DI lines.

Trade suggestion

Buy Digital Put Option from 1281.00 to 1275.00 valid until 20:00 GMT August 14, 2017



COPPER




Copper has been tracing a downtrend after reversing lower from a resistance at 2.9160. The price action has penetrated a couple of MAs from above, confirming the downtrend. While RSI index continues to point downwards, ADX index is ticking higher, signaling further advances for the commodity’s prices.

Trade suggestion

Buy Digital Put Option from 2.8900 to 2.8700 valid until 20:00 GMT August 14, 2017



DOW JONES 30



U.S. Dow Jones 30 Index has been tracing an uptrend with support from two moving averages. The price action has crossed over the long-term MA50 from below, which confirmed the uptrend. Further upbeat moves are expected as the RSI index is soaring while ADX index, which is also on a rise, is witnessing a widening gap between +DI and –DI lines.

Trade suggestion

Buy Digital Call Option from 21945.00 to 22050.00 valid until 20:00 GMT August 14, 2017

*************************************************

Global Shares and Dollar Strengthen As Geopolitical Concerns Ease, Gold Ticks Down


Gold futures price edged lower on Monday as global shares and U.S. dollar advanced, recovering from last week’s sharp losses caused by tensions between the U.S. and North Korea. Tracing upbeat moves of Asian shares, European stocks and U.S. equity futures rose, driving market appetite away from safe-havens to more risky assets.

The Stoxx Europe 600 index jumped nearly 0.9 percent, partly paring a loss of 2.7% it suffered last week. The pan-European benchmark looked set to close higher for the first time following three days of declines in a row which sent the index to the lowest level since late February last Friday.

While Germany’s DAX 30 index DAX soared more than 1.10% to trade at 12,145.54, France’s CAC 40 index added +0.95% and the U.K.’s FTSE 100 index climbed 0.59%. Tensions over North Korea eased thanks to comments from U.S. Secretary of Defense Jim Mattis and Secretary of State Rex Tillerson that showed Trump administration was seeking diplomatic solutions to achieve the “irreversible denuclearization” of North Korea.

Gold futures for September delivery lost nearly 0.7 percent to trade at $1280.00 an ounce also because the greenback strengthened. The U.S. Dollar Index which measures the currency against a half-dozen rivals, jumped 0.28 percent to 93.34. The precious metal had risen to its highest since June 6 at $1,298.10 in the prior session.

Trade suggestion

Buy Digital Put Option from 1280.00 to 1275.00 valid until 20:00 GMT August 14, 2017

**************************************************

North Korea Tensions Ease, S&P500 Index Jumps Most Since Late-June


U.S. shares advanced on Monday, recovering from last week’s sharp losses caused by tensions between the U.S. and North Korea. While the Dow Jones Industrial Average jumped more than 0.7 percent, the Nasdaq Composite Index soared more than 1.2 percent.

Tensions over North Korea eased thanks to comments from U.S. Secretary of Defense Jim Mattis and Secretary of State Rex Tillerson that showed Trump administration was seeking diplomatic solutions to achieve the “irreversible denuclearization” of North Korea.

The S&P 500 index also climbed more than 1 percent on Monday, supported by technology and financial shares. All of the S&P 500 index’s primary sectors gaining on the day, helping the stock gauge recover from the biggest one-week percentage drop of 1.4% last week since March.

The index also looked set to record the biggest one-day percentage rise since June 28th. Topping the market, technology sector jumped 1.4% while financial sector advanced 1.48%.

Trade suggestion

Buy Digital Call Option from 2465.00 to 2475.00 valid until 20:00 GMT August 14, 2017

************************************************** ***********

EUR/CHF


From 1.14100
Till 1.14500

Buy Option Digital
Direction Call
Expiry GMT 21:00 14/08/2017
__________________
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  #514 (permalink)  
Old 15-08-2017, 11:34 PM
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Daily Report on August 15th, 2017



Japanese Yen extended losses versus its American counterpart to a third consecutive trading session on Tuesday as global shares continued to advance, sapping investors’ appetite for safe-haven assets like the Yen. As the prospect of war between the U.S. and North Korea receded, Asian shares traded higher, tracing gains on Wall Street overnight.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent while Japan’s Topix index surged 1.2 percent. Stock indexes from Hong Kong to Sydney were also on a rise with Hong Kong’s Hang Seng index adding 0.4 percent and Australia’s S&P/ASX 200 Index gaining 0.7 percent. The Shanghai Composite Index also traded higher, climbing 0.6 percent.

Futures on the S&P 500 advanced by 0.3 percent in Asian morning session after the underlying gauge closed 1 percent higher on Monday. A report from Korean Central News Agency (KCNA) on Tuesday showed that Kim Jong Un praised the military for drawing up a “careful plan” to fire missiles toward Guam but also decided not to launch a threatened missile attack on Guam, saying that saying he would watch the U.S.’s conduct “a little more.”

Crude oil prices remained weak on Tuesday following a decline of 2.5 percent in the previous session. Official data released on Monday showed that in July Chinese oil refineries operated at their lowest daily rates since September 2016. As the world's second-largest oil user, China’s demand concerns weighed down crude prices.



Technicals

AUDUSD



As can be seen from the price chart, the currency pair AUDUSD has been under downward pressure from two MAs that are hanging above the price action. With the RSI index heading downward while ADX index edging higher, not to mention a widening gap between –DI and +DI lines, the pair is expected to trade lower and test a support at 0.77800.

Trade suggestion

Buy Digital Put Option from 0.78300 to 0.77800 valid until 20:00 GMT August 15, 2017



USDCAD



The pair USDCAD retested a firm resistance at 1.27500 after having failed to surpass this level last Friday. Two moving averages are lingering below the price action, supporting the pair to inch higher. Both RSI and ADX indices are advancing, whereas, the distance between +DI and –DI lines is widening, confirming the uptrend.

Trade suggestion

Buy Digital Call Option from 1.27500 to 1.27900 valid until 20:00 GMT August 15, 2017



CHFJPY



CHFJPY rebounded from a strong support at as low as 112.650. Recent up moves did not only send the price action above a couple of MAs but also helped the pair to cross over a firm resistance at 113.900. Both the RSI and ADX indices are edging higher while the gap between +DI and –DI lines are widening, the pair is expected to trade higher.

Trade suggestion

Buy Digital Call Option from 113.600 to 114.100 valid until 20:00 GMT August 15, 2017



GBPUSD



As can be seen from the chart, the pair GBPUSD has been depressed by two MAs that are hanging above the price action. The pair is testing a significant level at 23.6% Fibonacci level and looks set to break out of this level to test a support at 1.28500. RSI has fallen into the oversold zone, while ADX index is on a strong rise, signaling further declines.

Trade suggestion

Buy Digital Put Option from 1.29100 to 1.28500 valid until 20:00 GMT August 15, 2017



WTI



U.S. crude oil price resumed the downtrend after a short correction. The commodity has been under downward pressure from two MAs hanging above the price after having failed to cross over these two dynamic resistances. A support at 46.700 is within the sight as RSI and ADX indices are signaling further declines.

Trade suggestion

Buy Digital Put Option from 47.400 to 46.700 valid until 20:00 GMT August 15, 2017



Natural Gas



Natural Gas fell below the short-term MA20 after being supported by this moving average for a while. Both RSI and ADX indices are heading lower, which indicates a weakening bullish force in the market. The commodity is anticipated to retreat in an attempt to test a support at 2.8950.

Trade suggestion

Buy Digital Put Option from 2.9400 to 2.8950 valid until 20:00 GMT August 15, 2017

*****************************************

Global Shares Advance, Diverting Flows Away From Haven Assets, Yen Inches Lower


Japanese Yen extended losses versus its American counterpart to a third consecutive trading session on Tuesday as global shares continued to advance, sapping investors’ appetite for safe-haven assets like the Yen.

The currency pair USDJPY surged more than 0.5 percent on Tuesday to 110.19 yen per dollar following a rise of 0.4 percent on Monday. As the prospect of war between the U.S. and North Korea receded, Asian shares traded higher, tracing gains on Wall Street overnight.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5 percent while Japan’s Topix index surged 1.2 percent. Stock indexes from Hong Kong to Sydney were also on a rise with Hong Kong’s Hang Seng index adding 0.4 percent and Australia’s S&P/ASX 200 Index gaining 0.7 percent.

A report from Korean Central News Agency (KCNA) on Tuesday showed that Kim Jong Un praised the military for drawing up a “careful plan” to fire missiles toward Guam but also decided not to launch a threatened missile attack on Guam, saying that saying he would watch the U.S.’s conduct “a little more.”

Futures on the S&P 500 advanced by 0.3 percent in Asian morning session after the underlying gauge closed 1 percent higher on Monday.

Trade suggestion

Buy Digital Call Option from 110.250 to 110.800 valid until 20:00 GMT August 15, 2017

********************************************

Shares of TJX Edge Higher After Q2 Earnings and Revenue Beat Forecasts


Shares of TJX Cos. jumped more than 1.0 percent in premarket trading on Tuesday after the apparel and home goods company released second-quarter earnings data that beat market forecasts.

TJX shares climbed 1.05 percent to trade at $70.35 a share after the off-price retail company reported net income of $552.6 million, or 85 cents per share for the three-month period to July. The results were down from $562.2 million, 84 cents per share recorded in the same period last year but still beat expectations calling for net income of 84 cents per share.

Sales were reported to reach $8.36 billion in the second quarter, up from $7.88 billion last year and topped the $8.30 billion forecast by analysts. Same-store sales advanced 3% for the quarter, ahead of the expectation for a rise of 2.5%.

Trade suggestion

Buy Digital Call Option from 70.40 to 72.00 valid until 20:00 GMT August 15, 2017

***********************************************

GBP/AUD


From 1.64200
Till 1.63900

Option Digital
Direction Put
Expiry GMT 21:00 15/08/2017
__________________
Become A Part Of Option Banque and benefit from the best offerings in the industry including Huge Tradeable Bonuses, Risk Free Trades, Account Insurance Against Losses, Cash Backs, Auto Trader, Social Trading and a lot more.

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  #515 (permalink)  
Old 16-08-2017, 11:36 PM
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Daily Report on August 16, 2017



Asian shares were mixed on Wednesday, struggling for direction while European stocks opened higher. In Japan, the Nikkei Stock Average index edged 0.12 percent lower while Topix index was little changed. Futures on the S&P 500 Index were little changed on Wednesday after the underlying gauge closed down 0.1 percent on Tuesday. The Nasdaq Composite also dropped 0.1 percent but the Dow Jones Industrial Average closed higher.

South Korean shares, however, climbed 0.5 percent as traders returned from a public holiday. South Korean President Moon Jae-in on Tuesday called for renewed talks with the North, saying that the U.S. would need Seoul’s consent for any military action on the Korean Peninsula. His comments helped ease tensions which had caused a global share sell-off last week.

Australia’s S&P/ASX 200 reversed higher, adding nearly 0.5% after having retreated 0.1 percent. Leading losses and weighing down the overall performance, Singapore’s Straits Times Index fell as much as 1.1 percent on Wednesday due to the fact that banks and interest-rate sensitive stocks tumbled. The Hang Seng Index jumped 0.6 percent in Hong Kong, whereas, the Shanghai Composite Index inched 0.2 percent lower.

Crude oil futures price advanced on Wednesday after the American Petroleum Institute (API) on Tuesday reported U.S. inventories dropped by 9.16 million barrels at the end of last week. The figure did not only mark an 11th straight drawdown but also topped market expectations calling for a retreat of 3 million barrels. Official data from the Energy Information Administration (EIA) will be released later in the day.



Technicals

USDJPY




USDJPY resumed its uptrend after a period of consolidation around a significant level of 23.6% Fibonacci retracement. While the RSI index has inched to as high as 66.69, the ADX index has been on a strong surge with a widening distance between the +DI and –DI lines. The pair is anticipated to test a resistance at 111.300.

Trade suggestion

Buy Digital Call Option from 110.900 to 111.300 valid until 20:00 GMT August 16, 2017



GBPAUD



Under downward pressure exerted by two MAs hanging above the price action, the pair is trading lower. While the RSI index has inched to as low as 30.24, the ADX index has been on a strong rise with a widening gap between the +DI line and the –DI line, signaling further declines for the currency pair. GBPAUD is expected to test a support at 1.63000.

Trade suggestion

Buy Digital Put Option from 1.63700 to 1.63000 valid until 20:00 GMT August 16, 2017



AUDNZD




AUDNZD retested a strong resistance at 1.08450 – the level which caused the pair to retreat on July 20th and August 10th. With the support from two MAs lingering below the price action, the pair is expected to break out of this resistance to attempt a significant level at 1.09000. Rising ADX and RSI indices confirm further upbeat moves.

Trade suggestion

Buy Digital Call Option from 1.08500 to 1.09000 valid until 20:00 GMT August 16, 2017



Natural Gas



Natural Gas has been trading a steady downtrend after its price action penetrated the short-term MA20 from above. A bearish force has been strengthening in the market, as indicated by the RSI index that has dropped to as low as 41.08. The ADX index is inching higher, signaling that the commodity may fall further.

Trade suggestion

Buy Digital Put Option from 2.9000 to 2.8450 valid until 20:00 GMT August 16, 2017



DOW JONES 30




U.S. Dow Jones 30 index resumed its uptrend following a short correction. The price action once again penetrated the long-term MA50 from below and retested a high at 22041.00 logged yesterday. RSI continued to head higher, indicating a strengthening bullish momentum in the market. The stock benchmark index is forecast to test a resistance at 22130.00.

Trade suggestion

Buy Digital Call Option from 22050.00 to 22130.00 valid until 20:00 GMT August 16, 2017



CAC40




With the support from two MAs that are hanging below the price action, the CAC 40 index looks set to break out of a slopping downward trading range that connects lower highs and higher lows. While the RSI is rising, ADX is also on a rise with a widening gap between +DI and –DI lines, suggesting further up moves for the index.

Trade suggestion

Buy Digital Call Option from 5185.00 to 5220.00 valid until 20:00 GMT August 16, 2017

**********************************************

ECB President Mario Draghi Disappoints, EURAUD Drops to Nearly-one-week Lows


The euro lost ground broadly versus its peers on Wednesday after Reuters reported that European Central Bank’s President Mario Draghi would not deliver any new policy messages at the U.S. Federal Reserve’s Jackson Hole conference.

The single currency reversed lower against its Australian counterpart. The pair EURAUD tumbled by more than 0.8% to trade at as low as 1.48770 – the lowest level since August 10th.

The report published by Reuters on Wednesday poured cold water on any hopes for the ECB’s Governor to announce plans to scale back its monetary stimulus program at the U.S. Federal Reserve symposium next week, reporting that Draghi would focus on fostering a dynamic global economy, which is the theme of the conference, and therefore, may keep any policy discussion until the fall.

Trade suggestion

Buy Digital Put Option from 1.48780 to 1.48480 valid until 20:00 GMT August 16, 2017

************************************************** ********

Crude Oil Futures Trade Lower As Weekly U.S. Production Jumps To Two-year Highs


Crude oil futures reversed lower on Wednesday after the Energy Information Administration reported that domestic production jumped to the highest weekly level in over two years.

U.S. West Texas Intermediate crude for September delivery shed more than 0.5 percent to trade at $47.26 a barrel on the New York Mercantile Exchange. The Energy Information Administration on Wednesday released data that showed supplies of crude oil fell by 8.9 million barrels in the week ended Aug. 11.

The reading did not only remark a seventh-straight weekly decline in U.S. crude supplies but was also more than double than the drop of 3.6 million barrels expected by analysts.

However, the report pointed to a rise of 79,000 barrels a day in total crude-oil production to 9.502 million barrels a day last week. According to EIA figures, that was the highest weekly output figure since mid-July 2015.

Trade suggestion

Buy Digital Put Option from 47.25 to 46.70 valid until 20:00 GMT August 16, 2017

**************************************************

GBP/NZD


From 1.77300
Till 1.76700

Option Digital
Direction Put
Expiry GMT 21:00 16/08/2017
__________________
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Old 17-08-2017, 10:42 PM
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Daily Report on August 17, 2017



Asian shares were mixed on Thursday while European equities drifted lower. While Japan’s Nikkei finished down 0.1%, the Stoxx Europe 600 Index and U.K.’s FTSE 100 Index both decreased 0.3 percent. Hong Kong's Hang Seng index was also almost unchanged at 27,400.17. The S&P/ASX 200 was also flat at 5,785.80. Meanwhile, South Korea's Kospi index and Shanghai Composite index added gained 0.5 percent and 0.4 percent, respectively.

The Australian Bureau of Statistics (ABS) on Thursday reported that the country’s unemployment rate fell to 5.6 percent with the creation of nearly 28,000 jobs in July. According to the report, ABS revised up June's unemployment figure to 5.7 percent. Among 27,900 jobs added to the economy last month, part-time jobs added 48,200 while full-time jobs witnessed a fall of 20,300.

Whereas, data released by the Office for National Statistics showed U.K. retail sales grew only modestly in July while the previous month's growth was revised down significantly. ONS latest figures pointed to a rise of 0.3% in sales in July, matching the new June figure which was revised down from the original reading of 0.6%. On a yearly basis, retail sales grew by 1.3%, falling short of expectations for a 1.7% expansion.

The Labor Department on Thursday released data on initial jobless claims that showed the number of Americans who sought unemployment benefits in mid-August fell to the lowest level in six months. As stated by the report, U.S. initial jobless claims declined by 12,000 to 232,000 last week.



Technicals

EURUSD



EURUSD reversed lower after having failed to cross over a pair of MAs that are lingering above the price action. The pair retested a support at 1.16850 and looks set to trade lower as the market has been dominated by sellers. RSI index continued to point to the oversold zone, while ADX index has been on a rise, indicating a strengthening bearish force in the market.

Trade suggestion

Buy Digital Put Option from 1.16800 to 1.16200 valid until 20:00 GMT August 17, 2017



EURJPY



EURJPY extended its down ticks to officially break out of a significant support at 61.8% Fibonacci level. The pair has been under downward pressure exerted by two MAs hanging above the price action. While RSI index is pointing downwards, ADX index is on a rise, suggesting further declines. A support at 128.100 is within the sight.

Trade suggestion

Buy Digital Put Option from 128.700 to 128.100 valid until 20:00 GMT August 17, 2017



S&P500



U.S. SP500 Index extended the downtrend after its price action crossed over a pair of MAs from above. The stock benchmark index retested a support at 2450.00 but is posed to fell below this level as the bearish momentum is becoming strengthened in the market, as indicated by the RSI index that has dropped to as low 37.96.

Trade suggestion

Buy Digital Put Option from 2450.00 to 2434.00 valid until 20:00 GMT August 17, 2017



Dow Jones



U.S. Dow Jones 30 index declined after struggling for direction as the price had been supported by a couple of MAs. The price action penetrated these two dynamic supports from above, heading towards a support at 21820.00. The RSI index has fallen to as low as 41.83, confirming the downtrend.

Trade suggestion

Buy Digital Put Option from 21940.00 to 21820.00 valid until 20:00 GMT August 17, 2017

****************************************

Alibaba Shares Take Off Nearly 5%, Bolstered by Impressive Fiscal Q1 Earnings


Shares of Alibaba Group Holding Ltd. shot up nearly 5% in active premarket trade on Tuesday after the Chinese e-commerce company reported fiscal first-quarter profit and sales that easily smashed expectations.

Alibaba shares jumped 4.55% to trade at $166.75 per share as the China-based e-commerce giant said net income for the three-month period to June 30 increased 96% to the equivalent of $2.07 billion. Earnings per share were reported to soared 92% to 83 cents. Excluding non-recurring items, adjusted earnings per share rose 65% from a year ago to hit $1.17 in the quarter ended June.

Driven by growth in online sales, revenue grew 56% to $7.40 billion, well above economists’ forecasts calling for revenue of $7.12 billion. Mobile monthly active users were reported to jump 24% to 529 million.

Trade suggestion

Buy Digital Call Option from 166.80 to 168.00 valid until 20:00 GMT August 17, 2017

************************************************

Cisco Shares Tick Down After Fiscal Q1 Revenue Downgraded


Shares of Cisco Systems Inc. dropped in after-hours trading on Wednesday after the technology conglomerate forecast another drop in revenue in the next quarter.

Cisco shares plunged by 2.5 percent to trade at $31.53 a share after having closed the regular session up 0.8%. Cisco reported earnings of $2.4 billion, or 48 cents a share, in the fiscal fourth quarter, slightly lower than $2.8 billion, or 56 cents a share, in the year-ago period.

Adjusted for one-time items, the networking company earned $3.1 billion, or 61 cents a share, in line with expectations calling for adjusted earnings of 61 cents a share. Revenue was reported to fall 4% to $12.1 billion in the quarter, from $12.6 billion a year ago.

Cisco anticipates that fiscal first-quarter revenue to fall between 3% and 1% year-over-year, which would send adjusted per-share earnings to the range between 59 cents and 61 cents for the quarter.

Trade suggestion

Buy Digital Put Option from 31.50 to 31.10 valid until 20:00 GMT August 17, 2017

*************************************************

EUR/NZD


From 1.60400
Till 1.59800

Option Digital
Direction Put
Expiry GMT 21:00 17/08/2017
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Daily Report on August 18, 2017



Asian stock investors joined a global retreat from riskier assets on Friday. While doubts about U.S. President Donald Trump's ability to deliver his economic agenda are growing, terrorist attack in Barcelona on Thursday contributed to shake investors’ confidence. At the close in NYSE, the Dow Jones Industrial Average dropped 1.24%, while the S&P 500 index shed 1.54%, and the NASDAQ Composite index lost 1.94%.

Tracing downticks in U.S. stocks on Wall Street in the previous session, the MSCI's broadest index of Asia-Pacific shares outside Japan declined 0.7 percent while Japanese equities, which were dragged down by a strengthening yen, also traded lower. Japan’s Topix index fell 1.1 percent and Japan's Nikkei slid 1 percent, looking set to lose 1.3 percent for the week.

A terror attack on Thursday in Barcelona, which left 13 people dead and more than 100 injured, was a reminder that geopolitical risks remain a threat. The driver was reported to ram a van into pedestrians in the section of Las Ramblas - Barcelona’s most iconic avenue- before jumping out of the van and fleeing the scene. Police in Spain are still hunting the suspected terrorist.

Political turmoil in the U.S. was another caused that created uncertainty for investors to pullback and capitalize on their gains. U.S. President Donald Trump on Thursday did not only decry the removal of pro-slavery Civil War Confederacy monuments in Charlottesville, Virginia, but also unleashed attacks on two Republican U.S. senators, Jeff Flake and Lindsey Graham.

A spate of unfortunate events mounted concerns over Trump’s ability to work with lawmakers in his own party to win passage of his stimulus plans, such as tax cuts and infrastructure spending.



Technicals

GBPAUD


GBPAUD reversed lower after having failed to cross over the short-term MA20. The currency pair is anticipated to retest a firm support at 1.62000 – the level that forced the price to rebound in the previous session. RSI is heading towards the oversold zone, indicating a strengthening bullish momentum in the market.

Trade suggestion

Buy Digital Put Option from 1.62700 to 1.62000 valid until 20:00 GMT August 18, 2017



Natural Gas



Natural Gas futures prices retreated after the commodity failed to sustained its bullish momentum. The pair is tracing a couple of MAs to edge lower and has fallen below these two dynamic supports. RSI index is declining, signaling further downticks for the commodity price.

Trade suggestion

Buy Digital Put Option from 2.9000 to 2.8680 valid until 20:00 GMT August 18, 2017



SILVER



Having supported by two MAs that are lingering below the price action, silver rebounded higher to retest a two-month high at 17.200 that the precious metal has failed to surpass since August 10th. RSI remained in the positive territory, showing that the market has been dominated by buyers. A resistance at 50.0% Fibonacci retracement is within the sight.

Trade suggestion

Buy Digital Call Option from 17.200 to 17.400 valid until 20:00 GMT August 18, 2017



CAC 40 Index



France’s CAC 40 index has still been trapped in a slopping downward trading range that connects lower lows and lower highs. The price action once again fell below a significant level at 23.6% Fibonacci level. While RSI index is heading downward, ADX index is on a rise with a widening gap between –DI and +DI lines, suggesting further declines.

Trade suggestion

Buy Digital Put Option from 5085.00 to 5050.00 valid until 20:00 GMT August 18, 2017



Dow Jones 30



U.S. Dow Jones 30 tumbled to a three-week low at 21710.00 on Thursday and is posed to trade even lower following a short correction. While the RSI index has plunged into the oversold zone, the ADX index is heading higher, indicating a strengthening bearish force in the market. A support at 21600.00 is expected to be tested.

Trade suggestion

Buy Digital Put Option from 21710.00 to 21600.00 valid until 20:00 GMT August 18, 2017

********************************************

Japanese Yen Extends Gains Versus Dollar Due to Global Share Sell-off


Japanese Yen extended its upbeat moves versus the dollar for the third day in a row as Asian stock investors joined a global retreat from riskier assets on Friday. While doubts about U.S. President Donald Trump’s ability to deliver his economic agenda are growing, terrorist attack in Barcelona on Thursday contributed to shake investors’ confidence.

The currency pair USDJPY lost more than 0.2 percent on Friday following a drop of 0.6 percent on Thursday, looking set to pair earlier weekly gains. Tracing downticks in U.S. stocks on Wall Street in the previous session, the MSCI Asia Pacific Index declined 0.7 percent while Japanese equities, which were dragged down by a strengthening yen, also traded lower. Japan’s Topix index fell 1.1 percent.

A terror attack on Thursday in Barcelona, which left 13 people dead and more than 100 injured, was a reminder that geopolitical risks remain a threat. The driver was reported to ram a van into pedestrians in the section of Las Ramblas – Barcelona’s most iconic avenue- before jumping out of the van and fleeing the scene. Police in Spain are still hunting the suspected terrorist.

Political turmoil in the U.S. was another caused that created uncertainty for investors to pullback and capitalize on their gains. U.S. President Donald Trump on Thursday did not only decry the removal of pro-slavery Civil War Confederacy monuments in Charlottesville, Virginia, but also unleashed attacks on two Republican U.S. senators, Jeff Flake and Lindsey Graham. A spate of unfortunate events mounted concerns over Trump’s ability to work with lawmakers in his own party to win passage of his stimulus plans, such as tax cuts and infrastructure spending.

Trade suggestion

Buy Digital Put Option from 109.300 to 108.900 valid until 20:00 GMT August 18, 2017

************************************************** *

NZD/USD


From 0.73260
Till 0.73660

Buy Option Digital
Direction Call
Expiry GMT 21:00 18/08/2017
__________________
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